What is the "free look" period for life insurance policies in Connecticut?

The "free look" period for life insurance policies in Connecticut is 10 days. This period is a consumer protection feature that allows policyholders to review their policy after it has been issued. During these 10 days, the policyholder has the right to review the terms and conditions of the policy and decide whether to keep it or cancel it. If the policyholder chooses to cancel during this period, they are entitled to a full refund of any premiums paid.

This timeframe is significant because it provides individuals the opportunity to ensure that the policy aligns with their needs and expectations, reducing the risk of buyer’s remorse. By granting a 10-day period, the state of Connecticut ensures that consumers have sufficient time to evaluate their decision without feeling rushed.